Cyril Amarchand Mangaldas advised Adani on stake in Quintillion Media
Cyril Amarchand Mangaldas advised Adani on stake in Quintillion Media
The investment marks the Indian multinational conglomerate's foray into the media business
Law firm Cyril Amarchand Mangaldas has advised Adani Enterprises Limited in relation to the acquisition of a 49 percent stake in Quintillion Business Media Limited from Quintillion Media Limited.
The acquisition was by Adani's wholly-owned media arm AMG Media Networks Limited.
Quintillion Business owns and operates an exclusive business and financial news digital media platform www.bqprime.com (formerly known as www.bloombergquint.com).
The General Corporate (M&A) Practice of Cyril Amarchand Mangaldas advised Adani on the structuring of the transaction, review, finalization, negotiation and execution of the documents.
The team was led by Smruti Shah (Partner); and Paridhi Adani, (Partner). They were supported by Aviral Chauhan (Principal Associate); Devanshi Dalal (Senior Associate); and Priya Gupta (Associate).
The due diligence team was led by Smruti Shah (Partner); with support from Aviral Chauhan (Principal Associate); Devanshi Dalal (Senior Associate); Priya Gupta (Associate); Kunal Gopal (Associate); and Suneha Kasal (Associate).
